Question: A building was purchased for $ 5 0 , 0 0 0 . The asset has an expected useful life of 6 years and depreciation

A building was purchased for $50,000.The asset has an expected useful life of 6years and depreciation expense each year is $8,000using the straight-line method. What is the residual value of the building? (a)$0(b)$2,000(c)$4,000(d)$6,000

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